502 W Main Street, New Castle, CO 81647

$1,770,000

bedrooms

bathrooms

square feet

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Commercial and Multi-Family/Short Term Rental Investment property in the desirable mountain town of New Castle, CO! Located downtown on Main Street, this property could be a possible work-live scenario, or be used strictly for investment with a current cap rate of over 8%. Property has 7 individual residential units used for Short Term Rentals currently (AirBNB / VRBO), as well as a commercial unit on main level with infrastructure for a restaurant, but currently leased to a Salon through 2029. The entire property has been remodeled and updated, and comes turn-key with all furnishings, equipment and FF&E used for the short-term rental business. Rare property to find in a quickly appreciating mountain-town, with strong existing cash-flow and still upside for increased NOI.

Location
Subdivision	-
County	Garfield
Elementary School	-
Middle School	-
High School	-

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MLS number: 20251113

Listing agent: Kyle Serrano

Listing broker: Venture Group (970) 778-0796

Copyright © 2025 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, April 11 2025 at 9:03 p.m. EDT

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